• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

GSK Nigeria and Fidson to commence partnership in 2021

Onome OhwovoriolebyOnome Ohwovoriole
4 years ago
in Business News, Company News, Corporate deals
Fidson
Share on FacebookShare on TwitterShare on Linkedin

GSK Consumer Nigeria Plc seems to have moved one step ahead in its bid to transfer the manufacture of some of its products to a local partner.

In a notice sent to the Nigerian Stock Exchange (NSE), the company announced it had picked Fidson Healthcare Plc as its preferred local contract manufacturing partner.

GSK will thus transition the manufacture of its respiratory and wellness products to Fidson from the third quarter of 2021. The firm, however, maintained that activities would continue at its Agbara plant till then.

Until then, it will be business as usual at the Agbara Factory, as GSK continues to ensure supply continuity of all its locally manufactured brands.

Prior to this 

GlaxoSmithKline Consumer Nigeria Plc (GSK) had early this month, issued a notice stating it says it would shut down its production facility in Agbara by the third quarter of 2021.

The move, according to the firm would enable it to focus on building  “a more sustainable commercial business”.

Riddle solved

At a Facts Behind the Figure session, held a few weeks ago, Fidelis Ayebae, Fidson’s Managing Director had hinted at a partnership with a global pharmaceutical giant. He, however, declined to mention the name of the partner, preferring to wait until the conclusion of the company’s rights issue.

Fidson Healthcare is currently trading at N4 in today’s session on the NSE, down 5.88%.

GSK Consumer is currently trading at N9.35, in today’s trading session, up 4.47%.

 

Related

Tags: Fidson Healthcare PlcGSK Consumer Nigeria

Leave a Reply Cancel reply

hfm
UBA
Mega Millions
Mega Millions
fidelity banner
HFM
webinar







NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Nigeria Air controversy: AON accuses Ethiopian airline of gross court abuse, regulatory violations
  • ROUNDUP: Dangote Refinery commissioned as Patricia suffers security breach
  • Champions league absence spells financial shortfall for Liverpool

Follow us on social media:

Recent News

Nigeria Air Controversy: AON accuses Ethiopian airline of gross court abuse, regulatory violations

Nigeria Air controversy: AON accuses Ethiopian airline of gross court abuse, regulatory violations

May 28, 2023
Dangote Refinery commissioned as Patricia suffers security breach

ROUNDUP: Dangote Refinery commissioned as Patricia suffers security breach

May 28, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Login
  • Sign Up
  • Cart

© 2023 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In